LH221 BKAR5043 KUMP A FINANCIAL ACCOUNTING THEORY & REPORTING PRACTICES
This course provides a critical review on the meaning and role of financial accounting theory in financial reporting practices internationally. Students will be exposed to the major areas of research in financial accounting reporting practices. It is hoped that by the end of this course, students would have developed awareness regarding the problematic nature of accounting, disclosure of information, accounting regulations, the role of accounting information in promoting social change and emerging issues in global financial reporting practices. This course is primarily a seminar that involves independent study on specific contemporary reporting practices topics, as well as discussions on research papers of the various financial accounting theories and reporting practices. Students are exposed to a wide range of research paradigm in accounting, including from the positivistic, interpretive and critical perspectives. The topics are generally drawn from areas of share market valuation of financial information, positive accounting theory, contracting and corporate governance and auditing. Additionally, students are introduced to the application of various financial accounting theories within a particular topic for example earnings management and other future corporate reporting.
LH221 BKAT5023 KUMP A CONTEMPORARY ISSUES IN INTERNATIONAL TAXATION
This course is designed to expose students to the international taxation arena and particularly to the contemporary taxation issues. Such issues include tax avoidance and evasion, tax havens, tax audit and investigation, goods and services tax, the use of tax to curb environmental abuse and tax implications involving e-commerce. The self-assessment system adapted by several countries would also be reviewed. In addition, the course covers the impact of transfer pricing on national income and double tax treaties.